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Homeownership is a cornerstone of wealth building, and Black families disproportionately rent rather than own their homes. 

To help address this, U.S. Bank is introducing U.S. Bank Access Home, a part of U.S. Bank Access Commitment™, the company’s long-term approach to closing the wealth gap. The initiative includes a $3 million investment over the course of the next three years.

"Homeownership is the key to stability, financial wellness and generational wealth,” said Tim Welsh, vice chair of consumer and business banking for U.S. Bank. “We cannot do this alone and we share tremendous appreciation for our partners who are bringing this work to communities across the country. We are excited to get to work and create lasting impact in so many ways, including education, access to the lending options, financing, and more.”

In addition to expanded access to financial information across all markets, U.S. Bank is providing a nearly $1.6 million investment from the mortgage business to support a wide range of outreach, engagement and educational efforts across five initial markets: Las Vegas, Little Rock, Milwaukee, Minneapolis, St. Louis and nationally with Fannie Mae and Freddie Mac. Those partner organizations include:

Las Vegas:

Make Homes Possible

Little Rock:

Martin Luther King Commission

P.A.R.K – Positive Atmosphere Reaches Kids

Milwaukee:

Acts Housing

Safe & Sound

Milwaukee Urban League

Riverworks Development Corp

Minneapolis:

Minnesota Homeownership Center

Build Wealth MN

Twin Cities Urban League

Project For Pride In Living

St. Louis:

St. Louis Urban League

Justine Petersen

National:

Freddie Mac

Fannie Mae